EnCana Corp Completed $3.5 Billion Private Debt Offering (ECA)
Fri. September 18, 2009; Posted: 02:54 PM
Sep 18, 2009 (SmarTrend(R) News Watch via COMTEX) --
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PowerRating -- 9/18/2009 - EnCana Corp.'s (NYSE:ECA) subsidiary Cenovus Energy Inc. completed a $3.5 billion private debt offering. The debt offering was issued in three increments including $800 million in 4.5% notes due in 2014, $1.3 billion in 5.7% notes due in 2019, and $1.4 billion of 6.75% notes due in 2039. The proceeds of the private offering will eliminate the need for a $3 billion bridge credit facility that had been previously arranged.
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